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Costco Members: 2024 1 oz Canada Maple Leaf Silver Coin, 25-count $759.99

$759.99
$759.99
-2 Deal Score
8,732 Views
Features:
99.99% Pure Silver
Item is Non-Refundable
Limit of 1 Transaction Per Membership, with a Maximum of 5 Units
Item is Not Eligible for Price Adjustments

Product Details
Item may be available in your local warehouse for a lower, non-delivered price.


Coin Highlights:
1 troy ounce of 99.99% pure silver
Bullion DNAā„¢ Anti-Counterfeiting Technology, exclusive to the Royal Canadian Mint
Brilliant uncirculated finish
Packaged in a specially labeled tube holding 25 Coins per tube
Terms & Conditions
Item is non-refundable
Item is not eligible for price adjustments

https://www.costco.com/.product.1814000.html
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$759.99
$759.99

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Joined Dec 2018
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chemman14
04-24-2024 at 01:41 PM.
04-24-2024 at 01:41 PM.
Those voting "Not a good price", where can you get these for less? Thanks!
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scottkeen
04-24-2024 at 02:18 PM.
04-24-2024 at 02:18 PM.
$759.99
-$15.20 (2% Costco Exec member rewards cash back)
-$15.20 (2% Costco Citi VISA rewards cash back)
---
= $729.59 for 25 ozs
= $29.18 per oz

Current spot price
= $27.14 per oz

Premium
= $2.04 per oz

What am I missing? Where can you get a better deal on 2024 Canada Silver Maple coins than $2.04 per oz over spot?
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Last edited by scottkeen April 24, 2024 at 02:21 PM.
Joined Dec 2018
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chemman14
04-24-2024 at 02:36 PM.
04-24-2024 at 02:36 PM.
Quote from scottkeen :
$759.99
-$15.20 (2% Costco Exec member rewards cash back)
-$15.20 (2% Costco Citi VISA rewards cash back)
---
= $729.59 for 25 ozs
= $29.18 per oz

Current spot price
= $27.14 per oz

Premium
= $2.04 per oz

What am I missing? Where can you get a better deal on 2024 Canada Silver Maple coins than $2.04 per oz over spot?
You're not missing anything AFAIK. Hopefully those voting "not a good price" can share with the class where they can get these for a better price.
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Honest-IJM
04-24-2024 at 03:02 PM.
04-24-2024 at 03:02 PM.
Quote from chemman14 :
Those voting "Not a good price", where can you get these for less? Thanks!

Because it isn't as cheap as last month! šŸ¤£
A lot of folks just don't understand the PM markets. I wonder if Costco hedges their inventory, or just sell it at cost plus margin, and hope the prices keep going up.
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smartdeals
04-24-2024 at 03:04 PM.
04-24-2024 at 03:04 PM.
where is 150 off 999?
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foxfai
04-24-2024 at 03:08 PM.
04-24-2024 at 03:08 PM.
Quote from chemman14 :
You're not missing anything AFAIK. Hopefully those voting "not a good price" can share with the class where they can get these for a better price.
Probably people that doesn't have Costco membership downvoted it lol.
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scottkeen
04-24-2024 at 03:17 PM.
04-24-2024 at 03:17 PM.
It's a good deal on the per oz premium if you buy it with Costco Exec membership (2% cash back reward) and Costco Citi VISA (2% cash back reward). You can search www.findbullionprices.com for current live prices and premiums from online bullion dealers to compare to Costco's price after cash back.

If you don't get those cash back rewards, then you can find a better deal on the per oz premium from online bullion dealers.

It might help when posting these Costco precious metals deals to mention the Costco Exec membership 2% cash back reward and the Costco Citi VISA 2% cash back reward.
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ThriftyLaborer448
04-24-2024 at 03:35 PM.
04-24-2024 at 03:35 PM.
Try selling Gold / Silver. The spread is crazy.
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scottkeen
04-24-2024 at 03:42 PM.
04-24-2024 at 03:42 PM.
Quote from ThriftyLaborer448 :
Try selling Gold / Silver. The spread is crazy.
https://www.jmbullion.com/my-acco...-products/

JM Bullion Sell to Us page with live prices.

At the time that I'm writing this, looks like JM will buy your Canada Silver Maples for $27.12 which at the current spot price of $27.16 is -$0.04 cents below spot.

If you buy gold and silver as a short-term trade, you're probably better off buying ETFs or miners instead of physical metal.

Physical metal may be best used as a long-term hedge against inflation of the currency or as a form of alternative savings, and not a trade where you buy-low sell-high but rather exchange it for currency as you need it.
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chemman14
04-24-2024 at 03:59 PM.
04-24-2024 at 03:59 PM.
Quote from Honest-IJM :
Because it isn't as cheap as last month! šŸ¤£
A lot of folks just don't understand the PM markets. I wonder if Costco hedges their inventory, or just sell it at cost plus margin, and hope the prices keep going up.
IMO they buy a "lot" of medals and then sell it at a standard markup. This is evidenced IMO by their varying level of premium both above and a couple times below spot when there are big intraday movements.
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scottkeen
04-24-2024 at 06:50 PM.
04-24-2024 at 06:50 PM.
Quote from chemman14 :
Those voting "Not a good price", where can you get these for less? Thanks!
Last time I looked this thread had +7 votes.

Now it's +1 votes.

Why is it getting downvoted? With the Costco Exec membership and Costco Citi VISA rewards, the premium over spot is lower than any bullion dealer premium online.

Right now the spot price is $27.20 per oz, and with the cash back the Costco premium over spot is only $1.98 over spot.

If you're downvoting, then where can you get a better premium over spot for 2024 Canada Silver Maples? Let us know!
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4bidden450
04-24-2024 at 07:56 PM.
04-24-2024 at 07:56 PM.
I just got my Bilt CC and got the 5% points on all purchases SUB. Maybe I should grab some silver.
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Joined Dec 2018
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chemman14
04-24-2024 at 08:56 PM.
04-24-2024 at 08:56 PM.
Quote from 4bidden450 :
I just got my Bilt CC and got the 5% points on all purchases SUB. Maybe I should grab some silver.

Absolutely and/or gold. Won't be able to get close to the price anywhere else after 2% executive + 5% cash back.
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